Papaya Globals 2024 – FAQ

Expense Considerations and Papaya Globals …
The extensive functions of come at a cost,

 

Over the past few years, the workforce has actually undergone a considerable improvement with the development of remote work, which has gotten rid of geographical restrictions on hiring. This has actually enabled companies to hire skill from all over the world, permitting them to put together the very best possible team for each role. As a result, employees have actually gotten higher versatility to work from home and increase their earnings without having to transfer to expensive locations or commute long distances. According to a 2022 study, 87% of employees who have the choice to work from another location select to do so. The COVID-19 pandemic, combined with improvements in business connectivity software, has even more accelerated the shift towards remote work, even in industries that were at first reluctant to adopt the trend.

insights are valuable to us and and your fellow attendees so first things initially though um let’s get to know everybody my name is Ian Charles and I have actually operated in payroll for the last 25 years I have actually had roles in all kind of Industries retail and Charm to Aerospace in all kinds of organizations start-up to matrixed environments across the globe I supplied management and strategy to populations of more than 100,000 employees on a monthly basis and in over 170 countries today I’m the perel strategist for papaya

Worldwide I work throughout the business guy maning and building external relationships supporting Business clients and solutions and acting as a consultant I wish to present our first Greg um visitor Greg who will kick things off by telling us um who he is and a little bit more about bamboo HR Greg over to you thanks Ian yeah as Ian said my name is Greg Piper uh I am the senior corporate counsil at bambo HR so I lead our in-house legal team and in fact work really closely with our um HR department as well to handle various legal and HR matters that show up so really excited to be here about bambo HR if if you’re not knowledgeable about us uh at bambo HR we state our objective is to set you as HR professionals complimentary to do terrific

Execution Challenges:
Although Papaya Global supplies combinations with numerous HR and financing systems, we experienced some difficulties throughout the integration process. Tailoring the software to line up with our existing infrastructure showed to be more complicated than anticipated, leading to delays in the preliminary rollout.

Rates Concerns:
The comprehensive features used by Papaya Global come at an expense, which a few of our smaller subsidiaries found to be prohibitively pricey. As a worldwide company, we needed to carefully weigh the need for innovative performance against spending plan restrictions.

Assistance Response Time:
On occasion, our teams experienced problems that needed urgent help. Nevertheless, the response time from Papaya Global’s client support team was not constantly as prompt as we would have liked, resulting in hold-ups in fixing those concerns.

Our application of included a phased approach. We began by onboarding a few subsidiaries to evaluate the system’s compatibility with our existing processes. This enabled us to determine and deal with integration difficulties early on. As the software application became more ingrained in our operations, we slowly broadened its use to cover our whole worldwide labor force.

The automated features streamlined our payroll procedures, minimizing the time spent on manual computations and compliance tracking. Regular training sessions and continuous support from Papaya helped our teams end up being proficient users of the software, maximizing its capacity for our organization.

Nevertheless, paying a workforce can be complicated. It is especially challenging for business who use personnel throughout numerous countries, as they must continuously consolidate different information streams, manually track local and nationwide labor and policies, and invest important time and resources to set up local entities in brand-new locations. These companies are faced with suboptimal, costly alternatives, like opening a foreign subsidiary or working with an expert employment company, which is a local company that employs staff members on their behalf and can charge up to 15% of. By 2022, 75% of employers reported problem hiring qualified workers, a boost of 21% from 2019. The payroll & HR options market was valued at $26.4 billion in 2022 and is predicted to reach $50.4 billion by 2030.

offers a solution supporting all kinds of work. It provides an end-to-end platform, from worker onboarding and continuous management to global payments and. It assists business with labor law compliance in the jurisdictions in which they run, uses management of work benefits, and makes sure information privacy in compliance with GDPR.

Eynat Guez |
Eynat is the CEO of. An entrepreneur with 15 years of experience, she is a leading specialist in payroll and workforce management. She co-founded after seeing the innovation gap in global.

papaya this webcast has been pre-approved for hrci and Sherm credit please make sure to attend the total webcast in order to receive your credits if you have any concerns during the webcast please click on the Q&A tab in your webinar controls and type the there a new tab will open in your browser with the webcast survey please be sure to finish it as quickly as the webcast has ended it is now my pleasure to turn it over to Pap and bamboo HR for their discussion hey there and thank you for joining us today we’re enjoyed have you here as we start a journey of data to guideline achieving

360 degree worker compliance where we’ll dive into the vital aspects of the employee compliance management model throughout the session we’ll explore real world obstacles real regional policies best practices and the role of Automotion in simplying compliance journey be prepared to emerge in a thorough understanding of how to protect your organization and workers while remaining certified in an

Ever progressing regulatory environment in the everchanging world of business and finance guaranteeing compliance with payroll regulations is not just vital but also a legal vital from the minute of hiring to the in intri complexities even sorry of termination every step along the staff member journey is Frau with compliance risks that have far-reaching consequences however with a much deeper more nuanced understanding of their responsibilities organizations can not only navigate the detailed landscape but also proactively guarantee this 360 degree compliance the webinar is designed to equip you with the knowledge and tools needed to browse the complex Terrain of compliance whether you’re a skilled P expert a small company owner or somebody brand-new to the field what I want to do before we start and I believe it’s really important

In our mission to boost efficiency and precision in managing our international workforce, our international corporation turned to, a leading and workforce management software application. The transition aimed to simplify the complex job of handling throughout various countries, currencies, and compliance policies.

The Great:

Compliance Management:
One of the standout features of is its robust compliance management system. The software application automatically updates itself to comply with ever-evolving tax and labor laws across multiple jurisdictions. This has actually been vital in making sure that our procedures stay certified in each country of operation.

is to state that the material here is not legal guidance it is simply for your details please consult your legal team needs to you have any questions or issues in relation to anything that we have actually discussed today our secret take key takeaways by the end of the webinar will be an understanding of worker compliance dangers how to employ ly with self-confidence how to streamline information management and automation so let’s take ourselves a minute to acquaint ourselves with the webinar platform once again as we have actually.

function as your hris or is sort of your core employee record um to handle that employee life process throughout their Journey with you as as an employee in addition to a payroll module we have to help you pay those employees and compensate them and benefits Administration module that allows you to help handle the benefits you provide to your staff members so actually thrilled to be here represent um bamb booy container and talk about this topic um and I guess from my perspective I’ll I’ll most likely offer a lot of a concentrate on the United States side of things when we discuss type of compliance so delighted to be here thanks for having me Ian fine thanks Greg um Gina over to you would you like to introduce yourself and inform the audience a little bit about papay worldwide yes absolutely thank you Ian hi everybody I’m Gina dorelis I’m the Work expert manager.

at I handle the employment Council in the United States APAC EMA and Israel area I likewise serve as us Council for I’m licensed in New York and New Jersey um we guarantee compliance onboarding and offboarding of employees with regard to papaya we supply payroll payments and workforce management as a Service labor force supplier to employees serving in over.

160 countries alright thank you so both I feel entirely underqualified sitting here with you both well I forgot to point out as we were type of like going through the intro so it’s actually really nice to in fact see in the webinar chat where everybody’s in fact going to from today I can see that we have individuals in Las Vegas and Indiana currently so if you want to continue tell where you are that would be absolutely wonderful whilst we simply wait for everyone else to sort of like join in there we go Chicago also well um so whil we’re doing that I’m waiting on everyone to sort of join I’ll simply run us through the agenda um today we are going to go over employing Talent brand-new higher Info Management termination compliance and automation wow the chat has actually got truly truly busy so we got Dallas Austin San Antonio Toronto San Francisco Richmond um you’re coming from definitely everywhere which is fantastic so uh I’m hoping that we’re actually going to have some actually excellent commentary and questions throughout the uh the webinar also alright so that’s the agenda then what I ‘d like to Now cover is the the compliance and the Personal privacy side of things so the the Journey of an employee and their data is Papaya Globals diverse without fail and an.

Ever progressing relationship that starts the minute a person signs up with an organization it continues throughout their work and Beyond this journey can be divided into k to several crucial phases whilst we’re really you know that they’re employed with us so on boarding day-to-day operations compensation and advantages expert development then we get to the offboarding and even advocacy so it even occurs after the worker has actually left your work throughout the journey companies are responsible for collecting keeping safeguarding worker data in compliance with information privacy policies no matter where it is you’re running around the globe it frequently includes implementing safe and secure data management systems and ensuring stringent adherence to regional requirements to safeguard both the staff member and the organization the evolution of employee information and management c.